Interestingly, a journalist’s investigation has delivered new evidence as to the whereabouts of the scam’s originators. As it happens, the debut of the famous Korean Netflix show Squid Game in 2021 proved a perfect opportunity for scammers to create an efficient cryptocurrency scam that has cost its victims an aggregated $16 million in financial loss. The crypto scammers launched a token eponymous with the popular show with an aim to boost its price and sell as much as possible, with such a success that even major publications like the BBC, CNBC, and Yahoo, took notice, as Finbold sent out a warning to traders....

Meanwhile, the market analysts believe tech stocks have significant upside potential ahead because investors have been ignoring bolstering earnings performance from the big tech giants. Several high growth tech stocks fumbled at a high single-digit rate last week and that provides a buying opportunity for 2021, according to Wedbush. Investors have capitalized on the buying opportunity as the tech-heavy Nasdaq index soared almost 2.5% in Monday trading and added to gains on Tuesday....

Indeed, TerraClassicUSD is currently trading at $0.04349, recording an increase of 15.07% on the day, as well as 19.75% across the previous week, according to the data retrieved by Finbold on October 28. Over the previous 24 hours, the decentralized finance (DeFi) token has reclaimed $400 million market capitalization, receiving an inflow of $45.91 million. In other words, USTC’s market cap grew from $370.76 million to $416.67 million or 12....

Investors and analysts have been cutting expectations as a result, but Tesla still managed to miss its delivery forecast for Q2. Namely, the company managed to deliver 254,695 vehicles, which is down 17.9% compared to the Q1 of 2022 when the company delivered 310,048. Meanwhile, the Founder and CEO of GLJ Research, Gordon Johnson, was a guest on CNBC’s Squawk Box, and he pointed out that the Tesla bulls may be in trouble as the company is losing its product edge....

Indeed, Bitcoin has recorded a negative Return on Investment (ROI) over the last five years compared to Tesla at -5.86%. Overall, the EV manufacturer has outperformed the flagship cryptocurrency over the last year and on a year-to-date basis with gains of 24.23% and 7.53%, respectively; data retrieved from Finbold’s Bitcoin ROI tool on July 29 indicates. Notably, the Bitcoin ROI tool compares BTC’s return on investment to traditional assets. The percentage values highlight how investment in the cryptocurrency outperforms other financial support over a specific period....

Given the fall in 2022, it is important to track institutional ownership since these investors are a source of both liquidity and support for stocks. As a result, Finbold analyzed the holdings of three of Rivian’s major shareholders that have submitted a position update for the third quarter, as well as other RIVN stock institutional put/call ratios. Elsewhere, during the third quarter, T. Rowe Price (NASDAQ: TROW) sold 932,366 shares of RIVN stock; however, the company still has 140....

One such REIT is Sabra Health Care (NASDAQ: SBRA), a small-cap healthcare REIT focused on the skilled nursing and senior housing segment. For May, SBRA managed to outperform the market by gaining 17%. Meanwhile, the company has been paying a strong and steady quarterly dividend since 2011, which yielded slightly above 9% on average in the past five years; while the price of the stock currently hovers around $13; it could be said it’s inexpensive....

In a survey by Yonhap News, the banks, including Woori Financial Group, KB Financial Group, and Hana, arrived at a decision stating the regulatory environment poses more risks to engage with crypto exchanges. The survey follows the enactment of the Special Payment Act and Enforcement decree. Under the new changes, South Korean crypto exchanges will need to arrange banking contracts or risk closure alongside legal prosecution. The new regulations will take effect from September 24, 2021....

In a blog post, Tor indicated that international lobby groups should call on Russia to restore normal services to avoid possible risks that might come with the ban. According to Tor, censorship could open room for the emergence of malicious actors who can create fake Tor browsers for hacking and the spread of misinformation. Tor notes that over 300,000 Russian users began experiencing challenges accessing the platform daily from December 1st....

Although the broker’s strategy of imposing limits on few stocks helped in soothing the social media-fueled rally, the day traders came back with a full-force – sending ATA Creativity (NASDAQ: AACG) stock price 950% higher in a single day. Any catalyst does not back the stock price movement. Its shares volume soared to 310 million in Thursday trading compared to an average volume of 52K shares. Pump and Dump Schemes are working Pump and dump is an illegal practice when it comes to stock markets....

Given that Bitcoin has been trading sideways between $18,500 and $21,400 range over the last month, prominent crypto trading expert, Michaël van de Poppe, identified the $19,500-$19,600 mark as “crucial resistance” on October 25. van de Poppe noted that if Bitcoin can consolidate support at this level it could spark a possible short squeeze. In addition, the trader added that technically speaking, Bitcoin could still go as low as $19,000 and continue moving to the upside as it has been bouncing up with support from this level....

What are pivot points? If the market trades above the pivot point in the ensuing period, it is generally viewed as a bullish inclination. Conversely, trading beneath the pivot point is typically seen as bearish. Traders employ pivot points and the support and resistance levels they establish to identify possible entry and exit points, both for stop-losses and profit-taking. Pivot points can be calculated across different time frames to provide insights for day traders, swing traders, and long-term investors alike and can be used across a wide array of asset classes, including forex exchange, stocks, commodities, cryptocurrencies, futures, options, and index funds....

In the advisory published on July 29, the FDIC stated that it was concerned that customers might be confused in understanding how safe their money is when invested in cryptocurrencies. According to FDIC, the advisory mainly targets companies that offer both uninsured crypto products and insured bank deposit products. The agency stressed that banks need to ensure customers understand which of their funds will be insured, especially in the event of a collapse....

Interestingly, the Bitcoin mining industry in China once accounted for a staggering 75.5% of all computer energy consumed in September 2019. However, the scene has shifted radically since the nation’s crackdown on cryptocurrency, with China’s participation dropping to 0% in the summer of 2021, according to data from the Cambridge Centre for Alternative Finance. In contrast, Bitcoin miners using IP addresses in the United States, which had used just 4....

In 2021 alone, elected officials traded hundreds of millions of dollars on the stock market while at the same time being privy to the discussions and deliberations that have resulted in President Biden’s legislative agenda. Analyzing the financial disclosures from December 1, 2020, to December 22, 2021, for the Senate and for the house last year, members of Congress purchased and sold over $290 million in stocks (representing more than 3,500 transactions by 105 members of Congress), according to a report by UnusualWhales published on January 10, 2022....

Data presented by Finbold shows, that money spent on crypto lobbying increased by 116% in 2021, with $4.9 million being leveraged to try to influence lawmakers and public authorities with Robinhood, Ripple, and Coinbase dominating the amount spent on crypto lobbying. Since 2017, the total amount of money spent on lobbying has increased significantly. Lobbying expenditures increased from $200,000 to $920,000 in 2018, representing the largest percentage increase. Nonetheless, the most substantial real increase happened between 2020 and 2021, with expenditure rising by $2....

Indeed, the Governor of New Hampshire Chris Sununu signed on June 24 the bill which “exempts the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws,” as its final version states. Authored by crypto enthusiast and State House Representative Keith Ammon and co-sponsored by Representative Joe Alexander, the bill HB1503 was first proposed on January 5, 2022. On March 15, the New Hampshire House of Representatives adopted it and passed it on to the state Senate, which approved the bill on April 28....

Speaking during an interview on CNBCs’ Squawk Box Show, Lummis noted that Bitcoin introduces the spectrum of a store of value and can serve as a portfolio diversifier for investors. Lummis was responding to a question regarding her stand on a move by the Labor Department opposing the idea of companies allowing employees to diversify between cash and Bitcoin for their retirement funds. Division over crypto regulations Lummis’s opposition to the department’s take on Bitcoin diversification highlights differences between U....

Meanwhile, according to the bank’s latest aggregate measure, UBS bank (SWX: UBSG) analysts see an increased chance of recession, raising the probability now to 60%. In comparison, economist Pierre Lafourcade and his team at UBS had seen a 40% recession probability in June. Further, these measurements are performed monthly, aggregating the U.S. treasury yield curve, hard macro, and credit data. The economists also elaborated that the economy is in a ‘contractionary’ phase, but they remain optimistic that a full-scale recession will not occur just yet....

According to the job description, Lloyds notes that the job aligns with the growth of digital currencies, a trend the bank says has evolved rapidly. The lender adds that cryptocurrencies present a potential for incorporation into traditional finance hence the need for personnel to help advance the new venture. The new personnel will be part of the Payments Liquidity & Settlement team. The branch is responsible for intraday payments liquidity and settlement risk....